Tag: Rbi

A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said: "We will pass appropriate orders."

RBI's withdrawal of Rs 2,000 notes affects Zomato; 72% of customers used them for cash orders. Gold-buying increases; public can exchange notes as usual.

The existing income tax requirement of furnishing PAN for deposits of Rs 50,000 or more in bank accounts will continue to apply for deposits of the withdrawn 2000 rupee notes, said RBI Governor Shaktikanta Das.

Speaking to reporters for the first time since the surprise decision to withdraw the highest denomination currency note was announced, Das said the decision was part of currency management.

As the RBI has decided to withdraw Rs 2000 banknotes, you should know now all the details and limits for the exchange of the notes.

The RBI has withdrawn Rs 2000 denomination banknotes with immediate effect. Read on to know details.

The online application for the vacancies has commenced through the bank's website i.e. www.rbi.org.in from May 9.

RBI report reveals an increase in financial frauds involving card and internet-based transactions, highlighting the need for greater awareness and protection of sensitive financial data.

Although the Reserve Bank pared its inflation estimate from its February projection of 5.3 per cent, RBI Governor Shaktikanta Das said the inflation outlook remains dynamic amid the recent jump in crude oil prices on account of OPEC decision to cut output.

The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022.

Since May last year, the Reserve Bank of India has been hiking interest rates to control inflation.

"There will be a 25 bps increase (in repo rate) and change in stance -- to neutral. The decision won't be unanimous as last time. There will be a pause after the hike," Madan Sabnavis, Chief Economist, Bank of Baroda said.

RBI introduces guidelines to protect borrowers from harassment by finance agents, prohibiting humiliation, after-hours calls, surprise visits, and harsh recovery methods.

Eligible and interested candidates can apply online through the official site of RBI at rbi.org.in.

In a letter to all agency banks on Tuesday, the RBI said that all government transactions done by agency banks for 2022-23 must be accounted for within the same financial year.